China targets annual shale gas production of 6.5 billion cubic metres by 2015 and 80 billion by 2020 under a government plan to be released soon, reports the China Securities Journal.

China has yet to produce shale gas commercially but aims to triple the use of natural gas to about 10 percent of energy demand by 2020 to cut emissions from coal and oil fired generation.

The country has 36 trillion cubic metres of shale gas, 48 per cent more than the US, according to a report by the US’s Energy Information Administration.

Song Xiaodan, a deputy chief economist in the planning department of China National Petroleum Corp (CNPC), was given as a source for the upcoming National Energy Administration plan by the newspaper.

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